2023 - Volume 55, Issue 5

Nonlinear Employment Effects of Tax Policy

DOMENICO FERRARO,  GIUSEPPE FIORI


Does Competition Affect Bank Risk?

Liangliang Jiang,  Ross Levine,  Chen Lin


CLO (Collateralized Loan Obligation) Market and Corporate Lending

ANGELA GALLO,  MIN PARK


Information Aggregation Bias and Samuelson's Dictum

YONGOK CHOI,  GIACOMO RONDINA,  TODD B. WALKER


Talking Over Time - Dynamic Central Bank Communication

LAURA GÁTI


The 1932 Federal Reserve Open-Market Purchases as a Precedent for Quantitative Easing

MICHAEL D. BORDO,  ARUNIMA SINHA


Downward Nominal Wage Rigidity and Inflation Dynamics during and after the Great Recession

TOMOHIDE MINEYAMA


The Effect of Monetary Policy on Consumption Inequality: An Analysis of Transmission Channels through TANK Models

MOMO KOMATSU


Phillips Correlation and Price-Change Distributions under Declining Trend Inflation

Sohei Kaihatsu,  Mitsuru Katagiri,  Noriyuki Shiraki

 


How Powerful Is Unannounced, Sterilized Foreign Exchange Intervention?

ALAIN NAEF,  JACOB P. WEBER